BlockBeats News, June 26, According to Fortune, cryptocurrency venture capital firm Framework Ventures announced the completion of its fourth fundraise, totaling $4 billion. Investors include Ivy League endowments, sovereign wealth funds, and non-profit organizations, with a specific list undisclosed. Framework co-founders Vance Spencer and Michael Anderson stated that the new fund will focus on the "frontier tech" sector, covering not only crypto but also AI, robotics, and energy. Currently, about half of the fourth fund has been deployed.

Established in 2019, Framework Ventures initially focused on DeFi investments, participating in early rounds of top protocols such as Aave and Chainlink. Previously, the firm completed second and third fund raises of $1 billion and $4 billion in 2021 and 2022, respectively.